LGI LIMITED — Major Shareholding Notification 2026

Jan 21, 2026

604 Page 1 of 2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme

LGI Limited (ASX: LGI)

ACN/ARSN

ACN: 138 085 551

1. Details of substantial holder (1)

Name

Wilson Asset Management Group (refer entities listed in Annexure A)

ACN/ARSN (if applicable)

There was a change in the interests of the substantial holder on 20/01/2026 The previous notice was given to the company on 29/10/2025 The previous notice was dated 29/10/2025

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice	Previous notice	Present notice	Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
OrdinaryShares	5,553,553	5.44%	6,754,320	6.53%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
Refer to Annexure B

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities affected	Person's votes
Refer to Annexure C

604 Page 2 of 2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
n/a

6. Addresses

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name	Address
Refer to Annexure A

Signature

print name sign here	Kim Heng capacity Chief Operating Officer
	date 22/01/2026

DIRECTIONS

(1)

If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2)

See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes. (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100 (6) Include details of:

(6)

• (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

(7)

Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

(8)

==> picture [10 x 8] intentionally omitted <==

If the substantial holder is unable to determine the identity of the person ( eg. if the relevant interest arises because of an option) write "unknown".

Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

Page 1

Annexure A

1. Details of Wilson Asset Management Group

Wilson Asset Management Group

Name	ACN / ARSN
Wilson Asset Management(International)PtyLimited	(ACN 081 047 118)
MAM PtyLimited	(ACN 100 276 542)
WAM Capital Limited	(ACN 086 587 395)
WAM Research Limited	(ACN 100 504 541)
WAM Active Limited	(ACN 126 420 719)
Botanical Nominees PtyLimited ATF Wilson Asset Management EquityFund	(ACN 081 032 000)
WAM Leaders Limited	(ACN 611 053 751)
WAM MicrocapLimited	(ACN 617 838 418)
WAM Global Limited	(ACN 624 572 925)
WAM Strategic Value Limited	(ACN 649 096 220)
WAM Alternative Assets Limited	(ACN 168 941 704)
Wilson Asset Management Leaders Fund	(ARSN 663 806 228)
Wilson Asset Management Founders Fund	(ARSN 682 673 678)
WAM Income Maximiser Limited	(ACN 683 776 954)

6. Addresses

Name	Address
Wilson Asset Management(International)PtyLimited	Level 26,1 Farrer Place,Sydney,NSW 2000
MAM PtyLimited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Capital Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Research Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Active Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
Botanical Nominees PtyLimited ATF Wilson Asset Management EquityFund	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Leaders Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM MicrocapLimited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Alternative Assets Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Strategic Value Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Global Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
Wilson Asset Management Leaders Fund	Level 26,1 Farrer Place,Sydney,NSW 2000
Wilson Asset Management Founders Fund	Level 26,1 Farrer Place,Sydney,NSW 2000
WAM Income Maximiser Limited	Level 26,1 Farrer Place,Sydney,NSW 2000
Citigroup Pty Limited	Level 21, 2 Park Street, Sydney, NSW 2000

This is Annexure A of 1 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Signed: _____

Date: 22/01/2026

Page 1

ANNEXURE B

Refer to Annexure A for the name and ACN's of the Wilson Asset Management Group members.

3. Changes in relevant interests

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class of securities	Number of securities	Person's votes affected
30/10/25	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-3,277.11	Ordinary shares	730	730
30/10/25	WAM Active Limited	On market purchase	-23,078.95	Ordinary shares	5,141	5,141
30/10/25	WAM Capital Limited	On market purchase	-93,038.57	Ordinary shares	20,725	20,725
30/10/25	WAM Research Limited	On market purchase	-21,557.11	Ordinary shares	4,802	4,802
31/10/25	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-16,495.25	Ordinary shares	3,696	3,696
31/10/25	WAM Active Limited	On market purchase	-475,831.67	Ordinary shares	106,617	106,617
31/10/25	WAM Capital Limited	On market purchase	-216,830.39	Ordinary shares	48,584	48,584
31/10/25	WAM Research Limited	On market purchase	-29,460.26	Ordinary shares	6,601	6,601
03/11/25	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-13,926.51	Ordinary shares	3,101	3,101
03/11/25	WAM Capital Limited	On market purchase	-455,083.95	Ordinary shares	101,333	101,333
03/11/25	WAM Research Limited	On market purchase	-114,816.26	Ordinary shares	25,566	25,566
04/11/25	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-14,923.52	Ordinary shares	3,319	3,319
04/11/25	WAM Capital Limited	On market purchase	-487,682.99	Ordinary shares	108,461	108,461
04/11/25	WAM Research Limited	On market purchase	-123,039.23	Ordinary shares	27,364	27,364
05/11/25	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-10,485.85	Ordinary shares	2,386	2,386
05/11/25	WAM Capital Limited	On market purchase	-342,561.15	Ordinary shares	77,948	77,948
05/11/25	WAM Research Limited	On market purchase	-86,426.95	Ordinary shares	19,666	19,666
06/11/25	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-21,373.04	Ordinary shares	4,846	4,846
06/11/25	WAM Active Limited	On market purchase	-142,479.62	Ordinary shares	32,305	32,305
06/11/25	WAM Capital Limited	On market purchase	-698,324.27	Ordinary shares	158,334	158,334
06/11/25	WAM Research Limited	On market purchase	-133,045.64	Ordinary shares	30,166	30,166

Page 2

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class of securities	Number of securities	Person's votes affected
07/11/25	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-1,062.42	Ordinary shares	237	237
07/11/25	WAM Active Limited	On market purchase	-7,087.28	Ordinary shares	1,581	1,581
07/11/25	WAM Capital Limited	On market purchase	-34,759.46	Ordinary shares	7,754	7,754
07/11/25	WAM Research Limited	On market purchase	-6,625.55	Ordinary shares	1,478	1,478
10/11/25	WAM Active Limited	On market purchase	-198,399.52	Ordinary shares	45,000	45,000
11/11/25	WAM Microcap Limited	On market purchase	-290,698.34	Ordinary shares	66,600	66,600
12/11/25	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-6,394.29	Ordinary shares	1,453	1,453
12/11/25	WAM Capital Limited	On market purchase	-209,075.31	Ordinary shares	47,509	47,509
12/11/25	WAM Research Limited	On market purchase	-50,982.71	Ordinary shares	11,585	11,585
19/11/25	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market sell	8,144.51	Ordinary shares	- 1,948	1,948
19/11/25	WAM Capital Limited	On market sell	218,938.25	Ordinary shares	- 52,427	52,427
19/11/25	WAM Research Limited	On market sell	63,223.61	Ordinary shares	- 15,124	15,124
20/11/25	WAM Microcap Limited	On market purchase	-165,929.66	Ordinary shares	38,531	38,531
03/12/25	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-2,460.91	Ordinary shares	600	600
03/12/25	WAM Capital Limited	On market purchase	-80,512.57	Ordinary shares	19,630	19,630
03/12/25	WAM Research Limited	On market purchase	-19,564.18	Ordinary shares	4,770	4,770
08/12/25	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-5,054.74	Ordinary shares	1,249	1,249
08/12/25	WAM Capital Limited	On market purchase	-22,784.75	Ordinary shares	5,630	5,630
08/12/25	WAM Research Limited	On market purchase	-15,257.28	Ordinary shares	3,770	3,770
09/12/25	WAM Microcap Limited	On market purchase	-200,837.93	Ordinary shares	49,754	49,754
15/12/25	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-582.44	Ordinary shares	146	146
15/12/25	WAM Capital Limited	On market purchase	-18,889.30	Ordinary shares	4,735	4,735
15/12/25	WAM Research Limited	On market purchase	-4,603.64	Ordinary shares	1,154	1,154
22/12/25	WAM Microcap Limited	On market purchase	-68,397.78	Ordinary shares	17,466	17,466
23/12/25	WAM Microcap Limited	On market purchase	-88,340.40	Ordinary shares	22,084	22,084
30/12/25	WAM Microcap Limited	On market purchase	-63,819.08	Ordinary shares	16,000	16,000

Page 3

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class of securities	Number of securities	Person's votes affected
31/12/25	WAM Microcap Limited	On market purchase	-10,237.44	Ordinary shares	2,542	2,542
05/01/26	WAM Microcap Limited	On market purchase	-26,193.34	Ordinary shares	6,481	6,481
19/01/26	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	On market purchase	-419.39	Ordinary shares	106	106
19/01/26	WAM Capital Limited	On market purchase	-13,384.89	Ordinary shares	3,383	3,383
19/01/26	WAM Research Limited	On market purchase	-3,335.34	Ordinary shares	843	843
20/01/26	WAM Microcap Limited	On market purchase	-264,277.78	Ordinary shares	66,625	66,625
21/01/26	WAM Microcap Limited	On market purchase	-28,943.96	Ordinary shares	7,270	7,270
22/01/26	WAM Microcap Limited	On market purchase	-92,845.32	Ordinary shares	22,609	22,609

This is Annexure B of 3 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Signed: _____

Date: 22/01/2026

Page 1

ANNEXURE C

Refer to Annexure A for the name and ACN's of the Wilson Asset Management Group members.

4. Present relevant interests

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as a holder (8)	Nature of relevant interest (6)	Number of securities	Class of securities	Person's votes
Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	Citigroup Pty Limited	Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	Management of the portfolio of Botanical Nominees Pty Limited ATF Wilson Asset Management Equity Fund	111,274	Ordinary shares	111,274
WAM Capital Limited	Citigroup Pty Limited	WAM Capital Limited	Management of the portfolio of WAM Capital Limited	3,546,993	Ordinary shares	3,546,993
WAM Microcap Limited	Citigroup Pty Limited	WAM Microcap Limited	Management of the portfolio of WAM Microcap Limited	2,020,130	Ordinary shares	2,020,130
WAM Research Limited	Citigroup Pty Limited	WAM Research Limited	Management of the portfolio of WAM Research Limited	883,716	Ordinary shares	883,716
Wilson Asset Management Founders Fund	Citigroup Pty Limited	Wilson Asset Management Founders Fund	Management of the portfolio of Wilson Asset Management Founders Fund	192,207	Ordinary shares	192,207

This is Annexure C of 1 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Signed: _____

Date: 22/01/2026